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    420 Overton St Endicott, NY 13760

    Sponsored
    For Sale
    $15,000,000

    54-Unit Senior Living Complex, High Occupancy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 54-unit senior living portfolio in Endicott, New York, boasting a 5.16% cap rate and a remarkable 100% occupancy rate with a waiting list. The property, known as Skye View Heights, comprises beautifully maintained units featuring renovated interiors, modern kitchens and baths, in-unit laundry, private garages, fireplaces, and patios. Each spacious unit offers comfortable living for the 55+ demographic. The property sits on a substantial 34.96-acre lot, and importantly, includes an additional 21 acres already approved for the construction of 160 more units, representing significant future development potential. The current NOI stands at $774,461, reflecting the strong performance and stable clientele. The convenient location near shopping, restaurants, and medical facilities further enhances its appeal. Built in 2012, this Core+ investment is priced at $15,000,000 and offers a compelling return on investment with its current high occupancy and substantial expansion possibilities. This is a rare opportunity to acquire a thriving senior living community with significant upside potential in a desirable location. The property's strong performance, coupled with the approved expansion plans, makes this a truly exceptional investment.

    Property Features for 420 Overton St

    General Information

    Property type
    Retirement homes
    Lot Size
    1,522,858 SF

    Building Details

    Year Built
    2012
    Units
    54

    HighLights

    • $15,000,000 asking price for a Core+ investment opportunity.
    • 54‑unit multifamily senior living portfolio (55+ independent living) with 100% occupancy and a waiting list.
    • 5.16% cap rate and $774,461 Net Operating Income (NOI).
    • Approved plans for an additional 160 units on the included 34.96‑acre lot.
    • Convenient Endicott, NY location near shopping, restaurants, and medical facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Endicott
    County
    Broome
    State
    New York
    Longitude
    -76.0591731
    Latitude
    42.1038888

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    FAQs

    What type of property is this?
    Retirement home - 54-Unit Senior Living Complex, High Occupancy
    Where is this retirement home located?
    The property is located at 420 Overton St Endicott, NY.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: $15,000,000 asking price for a Core+ investment opportunity.; 54-unit multifamily senior living portfolio (55+ independent living) with 100% occupancy and a waiting list.; 5.16% cap rate and $774,461 Net Operating Income (NOI).
    (607) 857-3864
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    420 Overton St Endicott, NY 13760
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    Endicott, NY 13760
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Overton St Endicott, NY 13760
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